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Community-Owned Affordable Housing - Is it Practical?

Author:

Wells, Julia.

This study reviews and evaluates the Lexington-Hamline Community Council's affordable housing program. Throughout the past twenty years in which Lex-Ham has owned the seven houses, many challenges have arisen, and the council has had to reconsider the ultimate goals of the council itself, as well as the goals of the housing program specifically. Operating a community-owned housing program takes a considerable amount of time, money, and other limited resources. This study found that it may not always be feasible for community councils to own and operate small scattered-site rental properties, and that the most successful affordable housing programs are those that are larger in scale and run by full-time housing staff or housing organizations.

Publication date:

2007

Publisher:

Unpublished.

Sponsor:

Conducted on behalf of the Lexington Hamline Community Council. Supported by Neighborhood Planning for Community Revitalization (NPCR), a program of the Center for Urban and Regional Affairs (CURA), University of Minnesota.